4014 Lantern Lane
Shoreacres, Burlington, L7L 5Z2
FOR SALE
$3,950,000
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Property Description
GRAND CUSTOM BUILT RESIDENCE ON A PRIVATE COURT IN PRIME LAKESHORE COMMUNITY OF BURLINGTON. CLOSE TO 1/2 ACRE LOT: 176 DEEP X 148 FT AT WIDEST POINT. OVER 5143SF, 5 BEDROOMS, 5 BATHS, SAUNA, 6 F/P'S, 2 STOREY FOYER, MAIN & LL OFFICES, 9' CEILINGS, HARDWOOD FLOORING, CROWN MOULDINGS, FULLY FINISHED LL W/WINE CELLAR, CUSTOM WET BAR. 2 FURNACES, 2 A/C, SPEAKERS THROUGHOUT, MASSIVE PIE-SHAPED LOT OFFERS COMPLETE PRIVACY, SUNROOM OVERLOOKING THE INGROUND HEATED GUNITE POOL, HOT TUB, FULL GAZEBO W/KITCHENETTE HAS CHANGE ROOM AND TOOL SHED AROUND BACK, BEAUTIFULLY HARDSCAPED AND LANDSCAPED W/COMPLETE PRIVACY IN BACK W/LUSH GARDENS AND TREES, MOTORIZED PERGOLA. $500,0000 IN REVOVATIONS ($300,000 EXTERIOR).Prime location with its proximity to the lake, shopping, restaurants, highways, transit, high-rated schools with the best sports facilities, and so much more! Your search ends here! Welcome HOME!!
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Property Features
Cul De Sac, Park, Place Of Worship, Public Transit, School, Waterfront
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
5000+
Lot Size
51' x 176'
Acreage
< .50
Lot Irregularities
148 ft at widest point
Fronting
South
Taxes
$19,474 (2024)
Basement
Finished, Full
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
5
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 13.52' x 23.95' | Hardwood Floor, Gas Fireplace |
Office | Main | 11.58' x 16.67' | Hardwood Floor, Gas Fireplace |
Dining | Main | 13.52' x 19.29' | Hardwood Floor, Formal Rm |
Kitchen | Main | 19.00' x 25.85' | Granite Counter, 2 Way Fireplace, Hardwood Floor |
Sunroom | Main | 9.02' x 14.93' | Sliding Doors, Hardwood Floor |
Family | Main | 20.47' x 22.87' | 2 Way Fireplace, B/I Bookcase |
Prim Bdrm | 2nd | 13.58' x 26.94' | 5 Pc Ensuite, Hardwood Floor, W/I Closet |
2nd Br | 2nd | 18.47' x 20.70' | , Skylight |
3rd Br | 2nd | 12.57' x 17.06' | , W/I Closet |
4th Br | 2nd | 12.11' x 16.99' | |
5th Br | 2nd | 11.68' x 16.99' | |
Great Rm | Bsmt | 37.80' x 42.68' | Hardwood Floor, 2 Pc Bath, Gas Fireplace |
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Burlington Market Statistics
Burlington Price Trend
4014 Lantern Lane is a 5-bedroom 5-bathroom home listed for sale at $3,950,000, which is $1,476,250 (59.7%) higher than the average sold price of $2,473,750 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 5 bedroom home in Burlington increased by $672,750 (37.4%) compared to the previous 30 day period (September 22 - October 21) and up $1,504,084 (155.1%) from the same time one year ago.Inventory Change
There were 8 5-bedroom homes listed in Burlington over the last 30 days (October 22 - November 20), which is down 33.3% compared with the previous 30 day period (September 22 - October 21) and down 46.7% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Burlington typically sold ($183,700) (7.4%) below asking price over the last 30 days (October 22 - November 20), which represents a $136,767 decrease compared to the previous 30 day period (September 22 - October 21) and ($79,666) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Burlington over the last 30 days (October 22 - November 20) stood at 50.0%, up from 25.0% over the previous 30 days (September 22 - October 21) and up from 20.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 5-bathroom home in Burlington stood at 37 days when successfully sold over the last 30 days (October 22 - November 20), compared to 73 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc.,
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